Bitcoin has recently been a hot topic among many people, economist especially. But as it moves towards the $12,000 index many are having doubts as to how stable the market for bitcoin really is. Just recently, an expert from Yale who was considered as Wall Street's most influential economist described it as a dangerous speculative bubble due to its lack of intrinsic underlying economic value to the concept.
Despite the lack of understanding of its mechanics by lots of investors, why and how does it continue to prosper?
Is it really just a bubble? And if it is, when is this bubble going to burst?
The internet is full of people referring to bitcoin as a "bubble". They are the reason for the spread of fear, uncertainty and doubt. They think that a high price will cause a fall, but their criticism goes beyond mere skepticism. Looks like they hate cryptocurrencies. However, many of these experts do not fully understand bitcoin ... or even economics. For anyone who does not know what a bubble is, the investment refers to it as an asset resulting from unjustified but outstanding market behavior. It is simply a price increase that led to a lie or "false truth" in relation to the real value of an asset, and thus implies a huge income. |
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You're panicking. Always after a large increase was a similar drop in price. No one should be surprised. BTC will come back to a good price, but it takes time ...
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Behind the gold stands several thousand years of experience, when royal metal, based on the free choice of people using it, has become global money. And in my opinion it remains to this day. The history of BTC dates back to less than 9 years. And it already reveals the symptoms of future problems. High costs of accepting payments, the risk of further "bifurcations", technical limitations of the system (eg block size) or extremely high price volatility that hinders the use of BTC in everyday transactions - these are just a few items from the long list of reservations. Add to this the risk of repression by governments and the banking sector, jealously guarding their monopoly on the creation and control of money.
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I join the signature campaign. Good luck in the project!
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Hello everyone,
Thank you once again for your amazing support and contribution! The spreadsheets are ready, we are just waiting for the number of tokens that will be distributed to you guys to be confirmed by the Pundi X Team. Then the distribution can start.
Everybody can take off their signature!!!
Best regards,
Tudor
Thank you very much. We're waiting for rewards! |
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When can you remove the signature  ? |
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We will wait for a moment. Withdrawing up to 60 days from what I read.
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It is possible ETH is on the right track. Especially that the number of units exceeds BTC. In a few years this may be so ...
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Although there are many other cryptocurrencies, such as Ethereum, Litecoin, Siacoin and Stratis, Bitcoin still remains one of the most-watched and speculated currencies of all time. Bitcoin is one of the most amazing currencies that can be seen in the history of mankind. Not only that, if you look at the currency, Bitcoin has achieved better results than the US dollar by almost 50 percent, Bitcoin surpassed the rise of Mexican peso, silver, gold and Russian ruble to become the best paid currency so far in 2017.
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BitCoin is slowly becoming an increasingly acceptable currency. Perhaps in the future, cryptocurrencies will replace the current money. That can happen. In many cities of the world there are already Bitomaty - bitcoin ATMs. The interesting thing is that its value is currently growing. Over the past few months, the value has jumped by about 90% and this is not the end considering that in 3 months BitCoin's volume will be halved (so-called HALVING). With increasing demand, it can only mean one thing. Yes, RATE prices. It can be a good opportunity to earn money easily. Buying now and holding our BitCoiny for a few months on a special wallet, we can easily earn money.
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4 reasons why analysts consider gold to be better:
1. Durability. While both assets require specialized knowledge for the purpose of long-term storage, the gold wins in this battle. Cryptocurrencies are susceptible to shackling. Hackers can hack into the virtual investor's portfolio even by the user's smartphone. In addition, they are subject to regulatory risk and are exposed during any network crises.
2. Easy to carry. Moving from place to place of gold can be expensive, given its importance, the need to ensure a high level of security and to pay a high import tax in some countries, such as India. In contrast to gold, Bitcoin is much faster and cheaper.
3. Value. There is a limited amount of gold and other precious metals in the earth's crust, while in the case of cryptocurrencies it is easy to create alternatives. And that means that there is no effective control over the supply of assets at the macroeconomic level and we can not talk about the value understood as one of the rarity or finesse elements of a given asset.
4. Unit of account. Gold better holds purchasing power and has much lower daily volatility. In 2017, volatility on bitcoin is almost seven times higher than on gold
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BTC saved my holidays in 2017. I did not have money for gifts. Thanks to BTC, my whole family was gifted. It's something unbelievable . |
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Last year, analysts from Saxo Bank predicted that the bitcoin exchange rate may increase over the year to as much as over 2,000. dollars. They were right - it increased, but to the level of 16 thousand. dollars! Next year, analysts from Saxo Bank are predicting a further rollercoaster in cryptocurrencies.
In their opinion, in 2018 bitcoin will reach a peak of over 60,000. dollars. and market capitalization in the amount of over USD 1 trillion, which will be the result of futures contracts launched in December 2017 in this crypto-bill. The contracts will gain great popularity among investors and funds, which are easier to trade contracts than the actual cryptocurrency on special exchanges.
However, later bitcoin will lose its luster, because Russia and China will limit or even infiltrate trade with centrally controlled (by themselves) cryptocurrencies.
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A person who discloses such information may become the target of an attack. It's quite dangerous. In the forum we will definitely get a lot of rich people . I know one or two . |
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